United States
AAFA salutes progress in tackling growing counterfeiting problem
The American Apparel & Footwear Association (AAFA) has welcomed the US 2022 Review of Notorious Markets for Counterfeiting and Piracy, saying it echoes concerns raised by clothing and footwear brands
Amazon reports net loss in 2022
Despite a better-than-expected fourth quarter last year, the Seattle-based company posted a full year net loss of 2.7 billion USD, as compared to a net income of 33.4 billion USD in 2021
Under Armour appoints new board members
The US-based company has appointed Carolyn Everson and Patrick Whitesell as members of its Board of Directors. Moreover, long-time member Harvey Sanders will step down from the Board on the 31st of March
Crocs reports record annual revenue
The US-based company reported having reached a “record” revenue of 3.6 billion US dollars, up by 53.7% over 2021, driven by strong consumer demand. As a result, it anticipates a strong 2023
VF Corp names Silvia Onofri as President of the brand Napapijri
The owner of high-profile brands such as Vans, The North Face and Timberland has appointed Silvia Onofri to the position of Brand President of the outwear brand Napapijri
Under Armour announces third quarter results
The Baltimore-based company reported revenue growth of 3% in the third quarter of fiscal 2023, reaching 1.6 billion US dollars, as compared to the same period of the prior fiscal year
Tapestry delivers record second quarter earnings
The owner of Coach, Kate Spade and Stuart Weitzman posted record earnings per diluted share of 1.36 US dollars in the second quarter of FY 2023, even though net sales fell by 5% year-over-year
FedEx Office to shut SameDay City service
The shipping company confirmed that it will end the service that provides same-day deliveries in large metro areas from the 31st of March. In face of declining demand, the goal is to reduce costs
Designer Brands acquires Keds from Wolverine
The North American company has acquired the footwear brand Keds from Wolverine Worldwide, thus increasing its Owned Brands portfolio while reaching into the athleisure category
Vans and Dickies drag down VF's revenue
The US-based company has reported a 3% decline in revenue in the third quarter of the current fiscal 2023, year-over-year, with Vans and Dickies performing poorly in the period
Kohl's names Tom Kingsbury as Chief Executive Officer
After serving as Interim Chief Executive Officer since the 2nd of December 2022, the US-based retailer's Board of Directors has unanimously appointed Tom Kingsbury as its permanent CEO
Hoka's third quarter sales up by 90%
The performance of the Hoka brand continues to stand out in the quaterly results of Deckers Brands, which posted net sales growth of 13.3% year-over-year in the third quarter of fiscal 2023
Columbia Sportswear announces full year results
The US-based company reported a net sales increase of 11% in 2022 over the prior year. But, amid supply chain constraints, net income in the same period declined by 12% year-over-year
Skechers announces record annual sales
The US-based company reported an increase in sales of 18% in 2022, year-over-year, reaching a record total of 7.4 billion US dollars, as the result of four quarterly sales records
Nike sues lululemon over patent infringements
The US-based sportswear company has filed a complaint against the Vancouver-based apparel company for patent infringement related to at least four of the company's latest shoe releases-
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